The chickens are finally coming home to roost for Thomas ‘John’ Stodart.
More than three years has passed since the then Muirfield Contracts chairman used his position of power to move cash out of the dying firm.
He knew – or at least he should have known had he heeded the warnings from his former finance manager – that Muirfield was facing the financial abyss.
But instead of shifting heaven and earth to put the company back on an even keel and ensure a prosperous future for a longstanding and respected business, Stodart instead pulled the rug out from underneath a company he was charged with leading.
That’s unforgivable in my book and the fact the cash was then used to put down-payments on luxury property in the United Arab Emirates is another astonishing betrayal of the talented and loyal workforce whose livelihoods were shattered as Muirfield went down.
Brass neck just simply does not cover it.
And now it appears the Insolvency Service agrees.
It has taken more than three years to get here but you can take it from me that a nine-year directorship ban is the Service’s equivalent of the proverbial chucking of the book.
That Stodart will not be able to operate as a company director in the UK until 2027 – or be able to use a stooge to do so on his behalf without risking further censure – is good news for the private sector in Scotland.
It sends a strong signal that wrongdoing will not be tolerated and those who perpetuate it will have to answer for their actions.
The question now is whether this is the end of the Muirfield story or whether further proceedings may be raised against Stodart.
The disqualification process is directed under civil law and Unite the Union – who now represent Muirfield’s former UCATT affiliated workers – has called for a criminal probe into Stodart’s conduct.
Whether that will happen is not clear. But I will watch with interest.